Klövern AB: Klövern acquires a property in Copenhagen for DKK 620 million

(Thomson Reuters ONE) -


Klövern has acquired an office property in Frederiksberg, which is situated in
the central part of Copenhagen, for an underlying property value amounting to
DKK 620 million. The property, which has a lettable area of approximately
19,300 sq.m., and around 9,600 sq.m. of garage space, is fully let on a long
contract with Copenhagen Business School (CBS) which runs until 2028. The rental
value amounts to DKK 30 million per year. CBS is one of the largest business
schools in Europe, with more than 20,000 students, and has conducted its
operations on the property since 2004.

"It is very gratifying that Klövern enters the Danish property market. It is
positive that we as a basis for our establishment in Copenhagen get exposure in
the form of a centrally located high-quality property with a long lease contract
with a very reputable tenant", says Rutger Arnhult, CEO of Klövern.

The acquisition will primarily be financed with bank loans.

Transfer of possession is planned to take place on 1 February 2018.

Klövern AB (publ)


For additional information:
Rutger Arnhult, CEO, +46 (0)70-458 24 70, rutger.arnhult(at)klovern.se
Lars Norrby, IR, +46 (0)76-777 38 00, lars.norrby(at)klovern.se

Klövern is a real estate company committed to working closely with customers to
offer them efficient premises in growth regions. Klövern is listed on Nasdaq
Stockholm. For further information, see www.klovern.se.

Klövern AB (publ), Bredgränd 4, 111 30 Stockholm. Phone: +46 (0)10-482 70 00. E-
mail: info(at)klovern.se.


171102 Klövern acquires a property in Copenhagen for DKK 620 million (pdf):
http://hugin.info/134084/R/2146646/823123.pdf



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Klövern AB (publ) via GlobeNewswire

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Datum: 02.11.2017 - 07:30 Uhr
Sprache: Deutsch
News-ID 566286
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